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Poor transparency validation could scare off investors, NEITI

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African cocoa farmers demand $6000/tonne floor price

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Reps expand probe of airport, seaport concessions

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France hit by major blackout as extreme heat

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US opens second probe into fatal Tesla crash

Business

African family-owned firms outperform global peers despite inflation –

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Poor transparency validation could scare off investors, NEITI warns

Business

Terrorism: EFCC probed Lagos BDC operator before US sanctions,

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Policy and Regulations

Lagos bans petroleum tankers from edible oil distribution

Lagos has banned petroleum tankers from being used in the edible oil distribution chain to strengthen edible oil transportation safety, hygiene, and compliance standards. Nairametrics reported that the restriction is part of a broader framework under a Memorandum of Understanding signed between the Lagos State Consumer Protection Agency and key stakeholders in the sector, as […]

Finance

Nigeria’s mutual funds NAV hits ₦8.77trn in April

Nigeria’s mutual funds industry sustained its growth momentum in April 2026, with total Net Asset Value climbing to N8.77 trillion, reflecting increased investor participation across major fund categories despite mixed performance in some fixed-income products. Nairametrics reported that according to data compiled from the SEC weekly Net Asset Value shows that aggregate NAV rose from […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote seeks court order to revoke fuel import approvals

Dangote Petroleum Refinery has instituted a fresh suit challenging the fuel import licences granted to the Nigerian National Petroleum Company Limited and several fuel marketers, reviving the dispute over petrol importation despite improvements in local refining capacity. According to court filings submitted at the Federal High Court in Lagos and cited by Reuters, the mega-refinery […]

Opinion

ADC accuses Tinubu of running ‘ponzi economy’ over fresh $1.25bn loan

The African Democratic Congress, on Thursday, accused President Bola Tinubu’s administration of running what it described as a ‘Ponzi economy’ after the Federal Government moved to secure another $1.25 billion World Bank loan despite Nigeria’s growing public debt estimated at about N159.28 trillion. The opposition party said the fresh loan request has further fuelled concerns […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Economy featured

Nigeria’s inflation may rise again after April’s 15.95% surge — Report

Nigeria’s inflation rate may increase for the second consecutive month, reaching 15.95 per cent in April 2026, amid rising fuel prices, food supply challenges, and renewed pressure from global oil market volatility. This projection was contained in the latest Coronation Inflation Outlook released on Thursday. The report warned that the country’s period of easing inflation […]

YouTube to tighten gambling content policies
Tech

YouTube Shorts hit 2 billion monthly TV viewing hours

YouTube has said its short-form video product, Shorts, is gaining unexpected traction on television screens, even though the format is designed primarily for mobile devices. The company disclosed that viewers now watch more than 2 billion hours of YouTube Shorts—videos of up to three minutes, on TV each month, underscoring a shift in how audiences […]

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Oil prices rise after US-China talks on energy trade

Oil prices climbed on Friday after United States President Donald Trump said China had agreed to buy American oil following discussions with Chinese President Xi Jinping. Brent crude futures for July rose 1.49 per cent to $107.30 per barrel, while U.S. West Texas Intermediate futures for June increased 1.55 per cent to $102.74 per barrel. […]

featured Finance

Naira weakens at parallel FX market to ₦1,392/$

The Naira on Thursday depreciated to N1,392 per dollar in the parallel market from N1,388 per dollar on Wednesday. Similarly, the naira depreciated to N1,371 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market fell to N1,371 per […]

US DOJ probes Visa over antitrust issues
Business

Visa unveils AI-powered dispute services for banks, merchants

Visa has launched six new AI-powered dispute resolution services designed to help financial institutions and merchants cut fraud-related losses and lower administrative costs. In a statement, the digital payments company said the tools will modernise dispute management, enhance visibility into fraud-related expenses, and enable businesses to focus more resources on growth, innovation, and customer experience. […]

Business

IPMAN slams NNPCL over bid to raise Dangote Refinery stake

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, has criticised the Nigerian National Petroleum Company Limited over its bid to raise its equity stake in the Dangote Petroleum Refinery, citing the deteriorating condition of state-owned refineries. Ukadike was responding to remarks by the President of the Dangote Group, Aliko […]

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